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The second largest decline was clothing, shoes, and jewelry (7%). 2. Inflation is taking a toll on consumer spending behavior. Key stat: In Q2, 84% of consumers said inflation had an impact on their spending, a 10% increase over Q1, per Jungle Scout鈥檚 research. What it means: Even though the labor market is strong and many retailers are cutting prices to lure in shoppers, consumers feel strained.

US demand softens: While the US continues to be LVMH鈥檚 second largest region by revenues, business is beginning to slow as shoppers opt for more affordable products, like fragrances and makeup, over jewelry and designer bags.

Electronics (up 391%) and computers (372%) also saw strong demand, along with sporting goods, appliances, books, and jewelry. Curbside pickup was used less this year than last, while mobile shopping increased. What it means: Consumers are spending鈥攁nd that鈥檚 a good sign.

Home and garden had the highest OR with 41.6%, followed by sporting goods and apparel and accessories (41.3%), food and beverage (40.9%), specialty goods (40.6%), toys and hobbies (40.5%), and jewelry (40.2%). Automotive, electronics, hardware and home improvement, health and beauty, mass merchant, and office supplies were all just below 40%.

Jewelry brand Kendra Scott tapped its Gen Z team members to create its recent 鈥淗ey Elisa!鈥� campaign, an in-person tour of colleges based on one of the brand鈥檚 most popular pendants, said Michelle Peterson, CMO of Kendra Scott. 鈥淲e had this super fun, immersive experience,鈥� she said.

Jewelry brand Kendra Scott tapped its Gen Z team members to create its recent 鈥淗ey Elisa!鈥� campaign, an in-person tour of colleges based on one of the brand鈥檚 most popular pendants, said Michelle Peterson, CMO of Kendra Scott. 鈥淲e had this super fun, immersive experience,鈥� she said.

Pandora A/S鈥檚 quarterly revenues beat estimates thanks in part to strong holiday and Black Friday sales of its charm bracelets and other jewelry in the US.

They鈥檙e not buying the jewelry. They鈥檙e not buying AirPods. They鈥檙e just buying the staples,鈥� our analyst Zak Stambor said on a recent episode of the 鈥淏ehind the Numbers: Reimagining Retail鈥� podcast. 鈥淎nd that鈥檚 a significant shift from the ways in which consumers were shopping at Costco a year ago, two years ago, and earlier in the pandemic.鈥�. Costco鈥檚 competitors report the same patterns.

Jewelry brand Aurate, skincare company Bubble, and fragrance producer Snif are among the D2C brands establishing wholesale partnerships with prominent retailers like Macy鈥檚 and Ulta as they look to reach more consumers and gain a foothold in brick-and-mortar retail.

The storefront was just like, imagine a jewelry case, and that was it. You went and talked to someone, and you were like, "These are the three things I want." They went to the back and brought you the VCR and whatever it was that you wanted. Carina Perkins:. Yeah, exactly that. Suzy Davidkhanian:. Yeah. Carina Perkins:.

Retail includes mail order/catalog, restaurants/fast food, drugstores, retail stores, cosmetics stores, and merchants of apparel, home furnishings/textiles, toys, pet food/supplies, appliances, jewelry, and general merchandise.Less.

Retail: Includes mail order/catalog, restaurants/fast food, drug stores, retail stores, cosmetics stores, and merchants of apparel, home furnishings/textiles, toys, pet food/supplies, appliances, jewelry, and general merchandise. Travel: Includes airlines, car rental, hotels and resorts, cruises, and destination marketing organizations; includes both leisure and business travel.

鈥淎mazon is making the tough calls necessary to stay competitive in today鈥檚 retail environment,鈥� said John Nash, co-founder at Lucy Nash Jewelry. Affected teams will include human resources, which is in line with earlier warnings of hiring freezes across the board.

Clothing sales increased by 4.4%, while electronics and jewelry sales decreased by 5.3% and 5.4%, respectively, according to Mastercard SpendingPulse. Spend is shifting to essential goods and services, noted Lipsman. 鈥淚t was not to the benefit of those traditional holiday categories.鈥�. After a strong couple of years, electronics took a hit as consumers already own those big-ticket items.

Costco customers are growing more value-conscious, leading to lower sales for jewelry and expensive appliances, while Walmart shoppers are waiting for big sales events to purchase pricey items and buying less clothing and home goods. Zooming out: The Commerce Department鈥檚 retail figures offer a compelling but incomplete picture of consumer spending.

Gen Zers are more likely to buy footwear, handbags, and jewelry secondhand than older shoppers. Their choices are influenced by viral fashion trends on social media鈥攕uch as quiet luxury, which focuses on understated investment pieces and more thoughtful shopping.

Stretched budgets will allow even less wiggle room for big-ticket items like electronics and jewelry, both of which saw sales fall during the 2022 holiday season, per Mastercard SpendingPulse data. And any excess funds are more likely to be funneled to services like travel and dining out over items like televisions and furniture.

Costco customers are growing increasingly 鈥渧alue-conscious,鈥� which has meant sales of expensive items such as jewelry and high-end TVs have slowed down, CEO Craig Jelinek told Yahoo Finance. Walmart customers are being more selective about what they purchase, CEO Doug McMillon told CNBC.

The Panhellenic recruitment event at the University of Alabama has been an explosive opportunity for apparel and jewelry brands like Kendra Scott. Kendra Scott turned TikTok momentum into a campus influencer ambassador program called the Gem Campus Ambassador program, which helped rush recruitment momentum take off, according to CMO Michelle Peterson.

Costco CEO Craig Jelinek said sales of expensive items such as jewelry and high-end TVs had slowed earlier this month. Ecommerce kept gaining share. Online sales accounted for 21.6% of total retail sales, up from 20.9% in 2021 and 20.6% in 2020, per Mastercard. Economic uncertainty drove many to alternative payment methods.

鈥淣othing will cost less than $40,000, and it will go up to as much as $3 million for high 箩别飞别濒谤测,鈥� said Francois-Henri Pinault, CEO of parent company Kering. Tiffany & Co.鈥檚 revamped flagship store in New York City will also cater to 鈥渁 more elite clientele鈥� and feature products at higher price points. Discount and off-brand retailers are expanding at a rapid pace as they aim for accessibility.

Best-selling categories during the Cyber Five included toys, jewelry, sporting goods, apparel, and books (all great for gifting), as well as big-ticket items like electronics, computers, appliances.

Retail: Includes mail order/catalog, restaurants/fast food, drugstores, retail stores, cosmetics stores, and merchants of apparel, home furnishings/textiles, toys, pet food/supplies, appliances, jewelry, and general merchandise.

Jewelry and watches have broad appeal. The share of male and female respondents who would opt to buy this category from overseas sellers is the closest in terms of percentages, at 39% and 36%, respectively. Key takeaways for brands and retailers. Consider cross-border shopping part of the new normal for US ecommerce.

Retail: Includes mail order/catalog, restaurants/fast food, drugstores, retail stores, cosmetics stores and merchants of apparel, home furnishings/textiles, toys, pet food/supplies, appliances, jewelry, and general merchandise. Travel: Includes airlines, car rental, hotels and resorts, cruises, and destination marketing organizations; includes both leisure and business travel.